June 2024 Monthly Housing Market Trends ReportDATA, HOUSING DEMAND, HOUSING SUPPLY, MARKET OUTLOOK Jun 04, 2024 The number of homes actively for sale was notably higher compared with last year, growing by 35.2%, a seventh straight month of growth.The total number of unsold homes, including homes that are under contract, increased by 20.9% compared with last year.Home sellers were more active this May, with 6.2% more homes newly listed on the market compared with last year.

Unfortunately due to personal reasons, I was not able to attend the event.

like what most people don't get about the AI is that, currently, in 2024, the AI will become a sudden giant because there's world war three among data centre elephant and data modeler : microsoft vs google vs meta vs amazon, they are the one that's buying thousand of nvidia gpu with the hop one day that one small company or startup can replace the incumbent like google , pfizer All their purchase makes every single nvidia employee can buy a house in santa clara county easily lol. it would impact REI by a lot later on as employment and employability or group of persons would change.

There has been significant growth, especially with tech giants setting up operations, driving up property prices and job opportunities.

Recent BRRR was a 2015 built single-family home with just flooring, paint, and other cosmetic rehabs so it was very.Now, we have been trying to do a BRRR in duplex to get into the MF investment, but somehow not able to land on one.

The other issue aside from the giant hassle is now that the payment is higher I'm less likely to cash flow and will be at slightly  higher risk of default.

For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, saying, 'This person began to build and wasn't able to finish.  

To Add to this:Make sure the EMD is refundable if they are not able to deliver title clear.

Therefore, they are not able to know what is going to happen 2 years from now, today.

Places would no longer appraise.People cannot sell their homes easily either as there has been a flood of inventory, seller expectations are still yesterday’s prices and days on market are through the roof.I personally know a number of people that have went bankrupt, lost properties and a ton of people that have lost money in the six or seven figures.People that purchased new construction years ago are not able to close on their purchase as they are now worth much less and can’t afford the payments.